5367 Hwy-97Floresville, TX 78114

For Sale
$695,000

3,200 SF Flex Space, 8.63% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity in Floresville, Texas! This single-tenant, net-lease industrial property boasts a fully executed 5-year lease commencing November 1, 2024, and expiring October 31, 2029, offering a remaining lease term of approximately 4.9 years. The 3,200 square foot Class B building, constructed in 2018, sits on a one-acre lot and features a combination of office and warehouse space, ideal for distribution, flex, or manufacturing uses. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $60,000 annually, resulting in an attractive 8.63% capitalization rate. The asking price is $695,000, translating to $217.19 per square foot. Building features include a 19-foot ceiling height and two 14-foot grade-level overhead doors. The property is fully fenced with an electric gate, providing excellent security. Located at 5367 Hwy-97 E, Floresville, TX 78114, in Wilson County, this property benefits from easy access to San Antonio and other secondary markets, with a daily traffic count exceeding 4,800 vehicles. The property is zoned OCL (Outside of City Limits) and offers a secure, unrestricted yard. This is a turnkey investment with a strong tenant and excellent return.

Highlights

  • Five-year net-net lease.
  • 0.94-acre lot.
  • 3,200-square-foot flex building.
  • 1,200 square feet of office space and 2,000 square feet of warehouse space.
  • Two 14-foot grade-level overhead doors.
  • 16-foot clear height warehouse.

Property Details for 5367 Hwy-97

Property type
Other industrial properties, Manufacturing properties
Square Feet
3,200 SF
Class
B
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Floresville
County
Wilson
State
Texas
Latitude
29.21029037
Longitude
-98.07835813
5367 Hwy-97, Floresville, Texas

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5367 Hwy-97
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